Banks and brokerage houses are certainly regulated.derivative were not regulatedhow did self regulation of derivatives on wall street work out?
how did self regulation of the mortgage industry work out?
those markets were heavily regulated. How did that work out?
Actually apart from the heavy regulation they worked out exactly they were supposed to. People who took enormous risks figured out that "risk" means you can lose lots of money. Smart people made money, stupid people lost money. Politicians used the opportunity to reward friends and hurt enemies.
mortgages were deregulated.
nice fail
Mortgages were not deregulated.
And you missed the other points.
Gross and blatant FAIL.